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Qilu Expressway Co., Ltd. Class H ( (HK:1576) ) has shared an announcement.
Qilu Expressway Co., Ltd. has issued a voluntary announcement disclosing that it has provided a joint and several liability guarantee, via a liquidity support commitment letter, of up to RMB90 million to Bank of China’s Pingyin Branch on behalf of its 60%-owned subsidiary Qilu Expressway Assembly, covering 60% of a RMB150 million short-term liquidity loan facility, with the remaining 40% guarantee to be borne by the other shareholder, Pingyin Land Improvement Investment Co., Ltd. The move, which supports the working capital needs of Qilu Expressway Assembly—a vertically integrated producer in mining, aggregates and prefabricated construction materials reporting 2024 revenue of RMB606.0 million and net profit of RMB34.5 million—does not constitute a notifiable or connected transaction under Hong Kong’s Listing Rules and is not treated as an advance to an entity, signalling that the financial assistance falls within ordinary course parameters while underscoring the parent’s commitment to bolstering the subsidiary’s liquidity and continued operations; the company also cautions that the disclosed financial figures for the subsidiary are unaudited and should be treated carefully by investors.
The most recent analyst rating on (HK:1576) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on Qilu Expressway Co., Ltd. Class H stock, see the HK:1576 Stock Forecast page.
More about Qilu Expressway Co., Ltd. Class H
Qilu Expressway Co., Ltd. is a PRC-incorporated joint stock company whose H shares are listed on the Main Board of the Hong Kong Stock Exchange. Through its subsidiaries, including Qilu Expressway Assembly, it operates across infrastructure-related and construction-materials value chains, with activities spanning mining, aggregate processing, construction materials production and prefabricated components manufacturing, primarily serving China’s transportation and construction sectors.
Average Trading Volume: 71,556
Technical Sentiment Signal: Sell
Current Market Cap: HK$3.64B
Learn more about 1576 stock on TipRanks’ Stock Analysis page.